CFD Trading – Buy Sri Trang Agro (NC2.SGX) @ $1.34. Stop @ $1.24 and Target @ $1.52.

Sri Trang Agro Stock Code NC2.SGX

Price broke above the cloud on 18 January 2021 and reached a high of $1.49. After the high, a price correction has brought price lower to the support level and the upper edge of the cloud at $1.31. Conversion and Base lines had a bullish crossover earlier, hinting of a bullish price trend. Lagging Span is above price of 26 days ago and is above the cloud, confirming the bullish price trend. MACD remains bullish with both its lines high above the zero line, which is a hint of a strong bullish price trend. We think the decline is done and price is likely to move higher to $1.52.

$1.34                 Buy
$1.52                 Price Target
$1.24                 Risk Management Stop
3 weeks Trade Duration

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.